U.S. Cellular has taken a major financial hit because of...
U.S. Cellular has taken a major financial hit because of the FCC’s current cap on payments to competitive eligible telecommunications carriers, the carrier said in a filing at the FCC (http://xrl.us/bmfeqx). The company said it expects to receive an estimated…
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$227,000 per year in federal high-cost support, which is “roughly 13 percent of what U.S. Cellular would receive in the absence of the CETC cap.” As a result, “U.S. Cellular’s ability to improve service in many portions of its ETC area is severely restricted,” the carrier said. “Moreover, although U.S. Cellular opposes drastic reductions in high-cost support, U.S. Cellular has built in the assumption that its support will be phased down over the next five years as a result of pending USF reforms."